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“Get a new job and your employer gives you a bunch of paperwork that you you need to fill out for your taxes awt for a w. 4. And so making sure that everything is good to go for when you re getting paid and making sure that the irs is happy at the end of the year so without further ado. It s stay tuned.
And learn how to fill out that paperwork how s it going everyone i am mister selector a high school physics teacher giving you financial advice i post new videos every friday so keep an eye out for those this is being once again posted on thursday. I have plans this weekend and won t be able to post tomorrow. The first forum that we re going to be looking at is the wisconsin state tax forum. The wt4 and for this forum.
The first thing that we are going to need to fill out is this employee section. You re gonna have to plug in your name your address your date of birth and your date of hire so when did you start working along with your social security number. The social security. Number is going to be on a lot of forms.
So you re going to have to need to memorize that number if you want to save some hassle down the road and it s just like your lunch. Number you re going to use it quite a bit for jobs. You re gonna have to use it for insurance you have to use it for a bunch of different complicated forms down the road. So it s better to memorize that form now rather than having to search through a bunch of different boxes that you hid your social security number or your birth certificate.
Now if you don t have your social security number or your birth certificate. You will most likely have to go ask your parents they most likely still have those two forms your social security card and your birth certificate. So if you haven t gotten those already from your parents should go ask them and they will have that information for you state whether you re single or married and then you move into this segment down here. Which is figure your total withholding exemptions below.
Now. This is just stating. How much are you going to have the estate that you re currently in withhold from your taxes with each paycheck and for this section. They do provide you a little bit of a description on what you need to be doing so.
The first line you re going to state. How many exemptions are you going to be using for your state taxes and how many dependents. How many people are you caring for or taking care of now since you are still living with your parents. Most likely and they are filing you as a dependent on their tax forms.
You are actually going to want to write zero for yourself instead of entering one because if you claim yourself on your tax forms and your parents claim you on their tax forms. It s going to cause an issue with the irs and it s best to avoid those situations as much as possible also if you are writing down zero. Instead of one for not claiming yourself the state of wisconsin. Or the state that you re in is going to withhold the maximum amount of taxes that they can from each of your paychecks.
And what this does is it allows you the most likely probability that you re not going to have to pay in for the actual filing of your taxes. Most likely you re going to be gain money back and it s always better to get some my back from taxes rather than having to scrape and scrounge around for some tax money that you actually need to pay in because you took too many tax exemptions throughout the year now the next one you re probably not going to have a spouse at this point..
So you can write zero there as well and you re not going to have any exemptions for any dependents. You re probably not taking care of anyone quite yet so you ll write zero. Once again. Then you re going to add up all of those together.
And you ll have a total of zero. Now the next section that we re looking at is the additional amount that you want the state of wisconsin to take out of your paychecks. If you think that you are going to have to pay in for the year now with your part time jobs you most likely won t have to worry about anything along those lines. Quite yet it s not until you reach a quite high tax that you may have to worry about that situation you may want to take out more from your paycheck every single week or by week or every month.
Just to make sure that you don t have to pay in at the actual filing of taxes so i would put right now that you re not going to have any additional amount taken out of your taxes. So i would put zero there as well now for this you are going to then look. At number three number three is just going to be that you are exempt from any withholdings. Now you shouldn t be exempt from any withholdings.
Quite yet. But if you are read that section for line three right here. See if that applies to you and then you can write exempt looking at line three. It s going to be describing.
If you are exempt from any withholdings throughout the year and there are some periods that you need to be aware of the ten days that you will have to figure everything out and it goes into more detail. If that applies to you but for most of you it s not going to apply so the next thing that you would do is sign right here date that you ve signed it just so that you know everything is taken care of on that end. It s just stating that you did everything to the best of your abilities. And that you re not trying to scam the irs out of money after that they re going to have an employers section.
You do not need to worry about this section. It s for your employer. You don t need to fill out anything on that end the next one that you have is going to be your w. 4.
Now you got through your state tax form. Now you need to also do a federal tax form. Which is what the w. 4.
Is for so looking at this form you re once again going to need to plug in your name your address and your social security number again it s better to have that memorized just so you can put it down and not have to worry about trying to find that card once again finding your birth certificate. Finding something that has your security number on it it s just better they have that memorized state. Whether you re single or married. Then once again we re going to be doing total number of allowances.
You are going to be claiming. This is just like what we were dealing with up with the wisconsin state..
We we re not going to really claim anything we weren t claiming ourselves we weren t claiming a spouse we weren t claiming a dependent so we were allowing the state to take out as much taxes as they can so we don t have to pay in for this given year and we actually get my back at filing our taxes. So for this total number of allowances. We re going to be claiming from the applicable worksheet on the following pages. So again we re going to write zero.
Here because we want the united states to take out as much from our paychecks as possible so we don t have to pay in at tax time and once again any additional amount that we want taken out don t want any additional if you re choosing to not claim yourself typically once again you won t have to provide additional pay into the federal or state taxes. Unless you would do end up. Hitting a high tier tax bracket and then once again it ll ask if you are exempt from paying your taxes at this point. You probably aren t exempt for any medical reasons or anything along those lines.
So you won t have to put anything there. Then you will sign and date. The form once again and you have lines. 8 through.
10. That are going to be for your employer. So you don t need to fill out anything right here the next form that we have here is the employment eligibility verification from the homeland security so for this form we do have another section that we are going to need to fill out with our name our address our email address. Our telephone number.
Just so that they can make sure that we are who we say we are and for this you re going to want to state that you are a us. Citizen if you re not a us s. And then you re going to have to go through an extra step on actually proving that you are where you need to be and you will have som you happy we are busy fixing the. World yeswell needs to be fixed to some extent.
But we think by fixing the world everything will be alright. No we also need to fix this human being nearly all anxieties boil down to the fear that something won t go your way and therefore you will be unhappy. It s the belief that a dream job will make you happy that makes you so anxious for the interview and the belief that a relationship can make you happy that makes you so anxious on that first date and of course. This anxiety.
Only makes it harder to nail the dream job or to impress your date. But if you realize that no job or date or external event can make you lastingly. Happy the pressure to perform just evaporates with nothing critical on the line. There s nothing to be anxious about no matter.
What they do i m like this because i am not given that freedom to anybody that somebody can freak me somebody can make me angry somebody can make me happy somebody can make me unhappy these privileges. I kept to myself. Now it might sound insane to say that the external world won t make you happy. Too.
Many type a personalities. This sounds like loser talk for people who can t make their dreams come true..
But sadhguru offers us a thought experiment to prove his point in this case. He gives the example of a luxury car yes to watch those people who are driving bmws mercedes and whatever else ok successful people just carefully watch them how many of them are joyfully driving their bmw. Hello. How many of them are joyfully driving their dream car that they work for you will see hardly anybody.
But the failure of the external world to offer us what we truly do desire goes far beyond cars. Maybe you want to be world. Famous to have a great body to date. Talented beautiful people or to be wealthy and you work towards those things imagining that you will feel great when you ve achieved your dreams.
Well brad pitt is one of the most handsome powerful successful famous talented people on the planet. He s positively impacted millions of people and he recently revealed that he has been struggling with alcohol as an escape from the pain. That he experiences. I mean certainly for me you know what i what i realized was i was i was running to things to avoid to avoid tough feelings.
Painful feelings. I just didn t know how to deal with him and looking for similarly jim carrey had this to say about all his fame and fortune. I ve often said that i wish people could realize all their dreams and wealth and fame and so that they could see that it s not where you re gonna find your sense of completion and both of these men deserve to be recognized for sharing their struggles not least of all because it lets the rest of us. Know that happiness is not waiting at the top of whatever mountain were climbing.
It s either there for the climb or not at all. But if you re always concerned about the finish line. If you get to the goal. You will be disappointed.
If you don t get there you will be brokered most successful people on the planet. But let s bring this back to anxiety imagine. A situation where you get anxious identify what it was that you were hoping would happen. The thing that you thought would make you happy then consider that while you might spike in happiness for a moment.
If things went your way in the long term. You actually have nothing to gain from those situations. And therefore. Nothing is on the line and you have nothing to be anxious about russell brand describes.
The internal dialogue he experiences when he feels socially anxious like this was he gonna be like he s everyone gonna like me. What s gonna happen to me who are these men. What s happening here with it like all this stuff starts happening. And then another part of me goes you ve got nothing to get no one can give you anything you all right you don t have to be afraid.
If any of the later mindsets in this video have resonated with you i would definitely recommend checking out our course emotional mastery. It s a five week video program that s designed to help you master your emotions..
So that you consistently feel better than you might think is currently possible the goal of the course is to raise the baseline level of joy. The you feel on a day to day basis to be less easily triggered into anger stress or anxiety. So that you can enjoy your life. And be the best self for everyone around you it also helps you identify and move towards.
What you really want for your life. Instead of blindly. Following the goals that are laid out by your family or society at large. Which is where 99 of people probably find themselves.
Now the way this works is by focusing first and foremost on your relationship with yourself this means exercises that get you in touch with feelings that you might have been repressing for a long time. If you re a type a person who thinks that self love is airy fairy stuff and feelings are something to be conquered with logic. Then this is exactly the course for you members often realize that they want to share what they ve learned and help other people on their own personal development journey. So we ve added.
A bonus section. That is a crash course in starting a youtube channel. Now this is one that i made at the beginning of the. Channel where we had about 20000.
Subscribers. And it s a very very tactical explanation of how to build a following from zero. Now. I ve not spoken about this emotional mastery course on the channel.
Before because we normally only offer to people who have joined our email list. Or cut. The charisma. University program.
And that means that there s no sales page or anything like that explaining the course. It s just the checkout page. So if you re intrigued and you want to learn more the best way is probably just to check out the course directly with the link below. And you can do that knowing that it comes with a 60 day money back guarantee that is for absolutely any reason at all there s nothing that you need to do just go to the billing section and refund to get every penny back.
But i do hope that you try it so. If you d like to join go ahead click the link below. I hope to see you on the inside either way. I hope that you ve enjoyed this video.
And i will see you in the next one ” ..
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